Alinma Bank shareholders approve 4% cash dividend for H2 2021
Alinma Bank shareholders approved, on April 13, the board of directors’ recommendation on the payout of a 4% cash dividend, or SAR 0.40 per share, for the second half of 2021.
Dividend Details (H2 2021) |
|
Current Capital |
SAR 20 bln |
Number of Shares |
2 bln |
Number of Shares |
1.987 bln |
Dividend |
SAR 795.13 mln |
Percentage of Capital |
4% (SAR 0.40 per share after deducting Zakat) |
Record Date |
April 13, 2022 |
Payment Date |
April 25, 2022 |
Total Dividend (2021) |
|
Total Dividend |
SAR 1.490 bln |
Percentage of Capital |
7.5% (SAR 0.75 per share) |
The board of directors was authorized to distribute interim dividends on a semi-annual or quarterly basis.
Moreover, the shareholders elected a new board for the new three-year term starting from May 21, 2022. The new board comprises nine members, including Abdulmalek bin Abdullah Al-Hogail as Chairman, Hamad Albazai as Vice Chairman, Abdulmohsen AlFares, Mohammed Bindayel, Abdulmuhsin Al-Hussein, Mutlaq AlMorished, Abdulrahman Addas, Saud Alnimir and Haitham Alshaikhmubarak.
They also approved the audit committee formation, work controls and remuneration for the same three-year term. It comprises Saad Alrwita, Abdulrahman Addas and Maher Alaiyadhi (independent members).
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
30/12/2021 | 13/04/2022 | 25/04/2022 | 795.13 | 0.32 | |
01/08/2021 | 08/08/2021 | 22/08/2021 | 695.74 | 0.28 | |
03/03/2021 | 07/04/2021 | 21/04/2021 | 596.12 | 0.24 | |
02/12/2018 | 26/03/2019 | 10/04/2019 | 1,489.97 | 0.60 | |
13/12/2017 | 10/04/2018 | 25/04/2018 | 1,191.96 | 0.48 | |
20/12/2016 | 06/04/2017 | 19/04/2017 | 745.00 | 0.30 | |
21/12/2015 | 28/03/2016 | 14/04/2016 | 745.00 | 0.30 | |
25/12/2014 | 16/03/2015 | 29/03/2015 | 745.00 | 0.30 |
Dividend History
Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
---|---|---|---|
Last 3 Financial years | 1.59 | 15.18 | 10.49 % |
Last 5 Financial years | 2.19 | 11.44 | 19.12 % |
Last 10 Financial years | 3.56 | 7.77 | 45.80 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 12.56 |
P/E Before Unusual Items (TTM) | 12.56 |
P/BV | 2.18 |
Dividend Yield | 2.19 % |
Market Cap. (M) | 70,625.00 |
Return on Average Assets | 2.25 % |
Return on Average Equity | 18.48 % |
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